Perficient Expects Q3 Revenue Of $220M-$226M Vs $244.96M Est, Adj EPS $0.89-$0.94 Vs $1.23 Est; Cuts FY23 Revenue To $900M- $916M (Prior $945M-$985M) Vs $961.2M Est, Adj EPS To $3.93-$4.05 (Prior $4.60-$4.75) Vs $4.64 Est
Portfolio Pulse from Benzinga Newsdesk
Perficient has lowered its Q3 revenue forecast to $220M-$226M, compared to the estimated $244.96M, and adjusted EPS to $0.89-$0.94, compared to the estimated $1.23. The company also cut its FY23 revenue forecast to $900M-$916M (previously $945M-$985M) against the estimated $961.2M, and adjusted EPS to $3.93-$4.05 (previously $4.60-$4.75) against the estimated $4.64.
July 27, 2023 | 12:06 pm
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NEGATIVE IMPACT
Perficient has lowered its Q3 and FY23 revenue and EPS forecasts, which are now below estimates. This could negatively impact the company's stock price in the short term.
Perficient's lowered forecasts for Q3 and FY23, which are now below estimates, indicate potential financial challenges. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100